NO. 18


Financial and Banking News

Bank Results

GIB Continues To Increase Profits

Bahrain-based Gulf International Bank (GIB) has announced profits of $88.5mnfor 1993, its highest ever recorded and an increase of 38.5% on 1992. The banksays the increase is mainly attributable to non-interest revenues whichbenefited in particular from improved securities profits. Total assets rose by13.1% to $7,171.8mn. Full figures will be released after the bank's GeneralAssembly...